$126/$1260

The SPY is fighting hard to hold the whole number at the $126.00 level, these are often levels where stops and other orders are lined up as the human mind gravitates toward whole numbers.

 SPY/FXE-Euro the Euro has already broken to a new low on the day, where the SPY is resisting the pull.

It appears $126 is the area. A break of $126, I'm guessing, will unleash a flood of orders and volume.